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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMED
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Amedisys Inc stock price down 0.379% on Friday
(Updated on May 03, 2024)

Buy candidate since May 02, 2024 Loss -0.38% PDF

The Amedisys Inc stock price fell by -0.379% on the last day (Friday, 3rd May 2024) from $92.43 to $92.08. During the last trading day the stock fluctuated 0.89% from a day low at $91.86 to a day high of $92.68. The price has risen in 6 of the last 10 days and is up by 1.86% over the past 2 weeks. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 246 thousand shares were bought and sold for approximately $22.66 million.

The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $92.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between $87.38 and $89.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMED Signals & Forecast

The Amedisys Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $91.89 and $92.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Amedisys Inc stock

Amedisys Inc finds support from accumulated volume at $91.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.82 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 0.96%.

Our recommended stop-loss: $87.98 (-4.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (AMED) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Amedisys Inc to open at $92.21, and during the day (based on 14 day Average True Range), to move between $91.22 and $92.94, which gives a possible trading interval of +/-$0.86 (+/-0.94%) up or down from last closing price. If Amedisys Inc takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $91.25 (0.90%) than the resistance at $93.02 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amedisys Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.062 Buy Candidate Unchanged

Predicted Opening Price for Amedisys Inc of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$92.21 ( 0.138%) $92.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMED

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 93.03 1.03 %
R2 92.71 0.687 %
R1 92.52 0.478 %
Current price: 92.08
Support S1 91.89 -0.201 %
S2 91.70 -0.411 %
S3 91.39 -0.750 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.54 1.59 %
R2 93.14 1.15 %
R1 93.02 1.02 %
Current price 92.08
Support S1 91.25 -0.90%
S2 91.16 -1.00%
S3 90.40 -1.82%

FAQ

What is the symbol for Amedisys Inc Stock and on which exchange is it traded?
The symbol for Amedisys Inc is AMED and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amedisys Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Amedisys Inc Stock?
Amedisys Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amedisys Inc Stock.

What's the current price of Amedisys Inc Stock?
As of the end of day on the May 03, 2024, the price of an Amedisys Inc (AMED) share was $92.08.

What is the 52-week high and low for Amedisys Inc Stock?
The 52-week high for Amedisys Inc Stock is $96.44 and the 52-week low is $73.30.

What is the market capitalization of Amedisys Inc Stock?
As of the May 03, 2024, the market capitalization of Amedisys Inc is 3.009B.

When is the next earnings date for Amedisys Inc?
The upcoming earnings date for Amedisys Inc is Jul 24, 2024.
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About Amedisys Inc

Amedisys Amedisys, Inc., together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, Personal Care, and High Acuity Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses; rehabilitatio... AMED Profile

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